Pathward

South Dakota
Banks

Risk Level:

Rating - Clear
Lower Risk

Summary:

Pathward, a bank with branches in South Dakota and Iowa is committed to instilling DEI and ESG principles in its business. Pathward has a DEI Curriculum Program and does not protect its employees against viewpoint discrimination. However, Pathward has not used its corporate funds to advance ideological organizations hostile to freedom of expression. Pathward has not publicly terminated any business relationships due to beliefs. Pathward does not discriminate against industries, sectors, or businesses for their views or beliefs. For these reasons, Pathward earns a Lower Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Pathward published a statement to encourage suppliers to follow ESG criteria however, it has not published guidelines excluding certain suppliers due to ESG criteria (1). There are no known instances of Pathward publicly terminating business relationships due to political or religious differences.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Pathward’s charitable giving program “provides charitable investments to nonprofit organizations that align with our mission and help advance work in disaster relief, educational support, financial inclusion, and personal and family empowerment” (1)(2). The company does not explicitly discriminate against¬† religious organizations (3).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Pathward does not protect its employees against viewpoint discrimination (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Pathward is committed to ESG (environmental, social, and governance) goals (1). Pathward’s DEI Curriculum is used to provide training against implicit bias and advocate for allyship (2). Pathward is a member of CEO Action for Diversity and Inclusion (3).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Pathward has not used its corporate funds to advance ideological organizations hostile to freedom of expression (1).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Pathward uses its PAC to donate in a bipartisan manner consistent with its business interests (1).

All links were last accessed and all information was updated on:
March 23, 2023

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